“Insurance is an arrangement in which you pay money to a company, and they pay money
to you if something unpleasant happens to you, for example if your property is stolen
or damaged, or if you get a serious illness.”
Types of Auto Coverage
Most states require that every car must be insured. Car insurance policies are based on many factors including what kind of car you drive as well as the kind of insurance you would like to have.
When buying auto insurance, the following are the basic terms to know: -
Liability
Collision
Comprehensive
Medical Coverage
Uninsured Motorist
Rental Reimbursement
Most insurance policies vary through different combinations of the extend of these coverage. You must balance your budget, the requirements of the law and of course the type of the vehicle you own.